Log In/Sign Up
Your email has been sent.
Shady Rest Motel 1900 S Ocean Blvd 36 Room Hotel Myrtle Beach, SC 29577 $4,200,000 ($116,667/Room)
Investment Highlights
- A rare opportunity to own a fully renovated 36-room hospitality property in one of the most sought-after locations along the Grand Strand.
- Improvements include all-new electrical andplumbing systems, a new roof, new HVAC units, new flooring, new bathrooms, new vanities, new fixtures, new
- Completely renovated in2022, the property has undergone a comprehensive top-to-bottom transformation.
- The property features a total of 36 units including one-bedroom suites and efficiency.
Executive Summary
Introducing Palms By The Beach, a rare opportunity to own a fully renovated 36-room hospitality property in one of the most sought-after locations along the Grand Strand. Ideally positioned directly on South Ocean Boulevard with beach access and beautifulocean views, this turnkey hospitality property offers exceptional potential and long-term investment value. Completely renovated in2022, the property has undergone a comprehensive top-to-bottom transformation. Improvements include all-new electrical andplumbing systems, a new roof, new HVAC units, new flooring, new bathrooms, new vanities, new fixtures, new doors, fresh interiorand exterior paint, and numerous additional upgrades. The property features a total of 36 units including one-bedroom suites andefficiency units, along with a lobby, a large outdoor swimming pool, an inviting sun deck, and ample on-site parking toaccommodate guests. Located in the heart of Myrtle Beach, this premier property is just minutes from the Myrtle Beach Boardwalk,Market Common, championship golf courses, shopping, dining, and countless entertainment attractions. Its prime location,exceptional visibility, and tourist demand create an outstanding opportunity. Whether you're looking to expand your hospitalityportfolio or secure a premier asset in one of South Carolina's most visited destinations, Palms By The Beach represents a trulyunique opportunity.
Property Facts
| Price | $4,200,000 | Building Size | 24,060 SF |
| Price Per Room | $116,667 | No. Rooms | 36 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1974 |
| Property Subtype | Hotel | Parking Ratio | 1.25/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.34 AC | ||
| Zoning | GB - commercial | ||
| Price | $4,200,000 |
| Price Per Room | $116,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 24,060 SF |
| No. Rooms | 36 |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.25/1,000 SF |
| Corridor | Exterior |
| Zoning | GB - commercial |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 36 | $79.00 | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 44315030096 | Improvements Assessment | $736,500 |
| Land Assessment | $1,125,000 | Total Assessment | $1,861,500 |
Property Taxes
Parcel Number
44315030096
Land Assessment
$1,125,000
Improvements Assessment
$736,500
Total Assessment
$1,861,500
1 of 54
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Shady Rest Motel | 1900 S Ocean Blvd